Singapore Dollar to Indian Rupee ( SGD to INR ) Exchange Rate

Today's Sgd to Indian Rupee 25 May 2022

1 SGD = 56.40 INR

Currency Exchange Rate (SGD to INR) - Last 10 Days

Date
23 May 202256.34
22 May 202256.41
21 May 202256.41
20 May 202256.12
19 May 202256.02
18 May 202255.86
17 May 202255.88
16 May 202255.63
15 May 202255.70
14 May 202255.62

*Disclaimer: Bankbazaar makes no guarantee or warranty on the accuracy of the data provided on this site, the prevailing rates are susceptible to change with Market value and provided on an as-is basis. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. We accept no liability for any loss arising from the use of the data contained on this website.

SGD to INR

The Singapore dollar is the official currency of Singapore. Normally abbreviated with the dollar sign $ or S$ to distinguish it from other dollar-denominated currencies, it is divided into 100 cents. The issuance of banknotes and coins of the Singapore dollar lies with the Monetary Authority of Singapore.

The country established the Board of Commissioners of Currency, Singapore on 7 April 1967 and issued its first coins and notes. As of 2019, the Singapore dollar is the thirteenth-most traded currency in the world by value. Apart from its use in Singapore, the currency is also accepted as customary tender in Brunei as per the Currency Interchangeability Agreement between the Monetary Authority of Singapore and the Monetary Authority of Brunei Darussalam.

In 1967, the first series of coins were introduced in denominations of 1, 5, 10, 20 and 50 cents and 1 dollar. All issued Singapore currency in circulation (notes and coins) are fully backed by external assets in its Currency Fund to maintain public confidence. In 2017, the government in the second reading of the Monetary Authority of Singapore (Amendment) Bill 2017 announced that the Currency Fund will be merged with other funds of the MAS as the currency in circulation is effectively backed by the full financial strength and assets of MAS. The amendment came in handy when streamlining MAS's operations.

FAQs

  1. Can I sell or exchange my Singapore dollars online?
  2. Yes, Singapore dollars can be sold or exchanged online from a trusted and credible foreign exchange platform or bank.

  3. What documents do I need to carry to exchange Singapore dollars?
  4. You would need your air tickets, visa, and passport as well as other KYC documents required by the regulatory bodies in India.

  5. When should I buy Singapore dollars before traveling?
  6. You can buy Singapore dollars any day before traveling or even on the date of travel.

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.